Registered number
12724778
ZORLU PROPERTY LTD
Filleted Accounts
31 July 2023
ZORLU PROPERTY LTD
Registered number: 12724778
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 435,700 435,700
Current assets
Cash at bank and in hand 6,831 9,511
Creditors: amounts falling due within one year 4 (13,285) (12,036)
Net current liabilities (6,454) (2,525)
Total assets less current liabilities 429,246 433,175
Creditors: amounts falling due after more than one year 5 (427,756) (439,557)
Net assets/(liabilities) 1,490 (6,382)
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,489 (6,383)
Shareholder's funds 1,490 (6,382)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sinan ZORLU
Director
Approved by the board on 15 March 2024
ZORLU PROPERTY LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental income.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2022 435,700
At 31 July 2023 435,700
Depreciation
At 31 July 2023 -
Net book value
At 31 July 2023 435,700
At 31 July 2022 435,700
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans (current liability) 10,585 10,585
Trade creditors 2,351 1,451
Taxation and social security costs 349 -
13,285 12,036
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans (non-current liability) 301,241 301,242
Other creditors 126,515 138,315
427,756 439,557
6 Other information
ZORLU PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
454 Sidcup Road
London
SE9 4HA
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